The Bitcoin value fluctuated around the bar of $ 85,000 on Monday, investors examining the position of the White House on the prices and its potential to prevent a recession. According to Coingecko, the main cryptocurrency was negotiated at around $ 84,950, marking an increase of 1.5% in the last 24 hours. At the same time, Ethereum and Solana experienced an increase of 3.4% and 2.4%, respectively, reaching values of $ 1,650 and $ 131.
A survey published Monday underlined the growing concern about inflation between consumers. Economists fear that President Donald Trump’s prices could supply additional price pressure. According to the monthly monthly survey of the Federal Reserve Bank of New York in consumer expectations, consumers provide an inflation rate of 3.6% per year.
The survey results have revealed the highest levels of economic anxiety since April 2020, 44% of respondents expecting the unemployment rate in a year. In particular, among households with annual income below $ 50,000, there was a significant increase in the perceived probability of job loss.
Despite these concerns, the Bitcoin price experienced an increase in the weekend after the announcement of the White House exempting computer flea and smartphones from “reciprocal” samples. However, the price of cryptocurrency experienced a slight decrease on Sunday, in response to Trump’s assertion that “nobody is starting” out of the hook “, and that other samples would continue to apply to electronics.
Strategy shares experienced an increase of 4.3% to $ 312, while Coinbase shares increased by $ 1.4% to $ 178, as Yahoo Finance reported. The main equity indices, including the NASDAQ and the S&P 500, have closed in positive territory, each winning near a percentage point.
Carlos Guzman, research analyst at Crypto Market Market GSR, said that market players would strongly await the speech of the president of the Federal Reserve Jerome Powell on Wednesday. Guzman said investors were impatient to understand the central bank’s position on the potential of an incoming recession.
The announcement of the prices of the “Liberation Day” had aroused fears of significant economic slowdown, with expectations of four rate reductions this year. However, Trump’s decision to take a break from most prices for 90 days last week attenuated recession problems and temperate rate rate expectations. Guzman stressed that market players are now more rate drops than before the announcement of Trump’s “Liberation Day”.
“If the global economic situation is deteriorating, we can expect a more stimulating policy of central banks,” suggested Guzman. “Although this can introduce short -term volatility, this could potentially stimulate crypto in the medium term.”
Edited by James Rubin.
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